Re: [Technical-Investor] How options charts can give indication of a reversal

Hi AP,
Why on earth is the highest OI in 4800 PUTS even today. The
second-highest is 4700!!

OPTIDX NIFTY 26NOV2009 PE 4800.00 133367 320959.69 5.80 6803200 5052.45

OPTIDX NIFTY 26NOV2009 PE 4700.00 62604 147281.54 3.05 5348350 5052.45

As for calls,

OPTIDX NIFTY 26NOV2009 CE 5100.00 270073 692614.36 43.65 4089350 5052.45

OPTIDX NIFTY 26NOV2009 CE 5000.00 351286 889278.75 101.55 3036600 5052.45

It apppears as if 5100 will be very difficult to cross and 4800 and
may be even 4700 would be tested once during this expiry.

I am unable to read these options OI as well as others, hence would
appreciate if someone could shed some light on this.

Regards
Ray

On Fri, Nov 20, 2009 at 5:56 PM, Abhijit <ap19632000@yahoo.com> wrote:
>
>
> Further to my post the other day, another example how Options charts can give a hint of a reversal. Nifty spot did break all supports at 4960 --4950 as well as 4935, however.................
>
> See the charts of 4900, 5000 and 5100 CE, and the charts of 5100 and 5200 PE.
>
> Calls never broke all time expiry lows and zoomed up, however, puts have broken recent November expiry lows and are ready to go further down?
>
> Nifty 5240 this expiry???
>
> Keep trailing.
>
> Only hope that bears have, is to pray that Asia is extremely weak till 9.55 am on Monday, and cause a big gap down. Else, writing is on the wall for bears for this expiry....
>
> Cheers,
>
> AP
>
>
>

--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.

------------------------------------

For Forum Rules of Conduct & Disclaimer, please go through

http://finance.groups.yahoo.com/group/Technical-Investor/files/!Forum Rules of Conduct.txt
Yahoo! Groups Links

<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/Technical-Investor/

<*> Your email settings:
Individual Email | Traditional

<*> To change settings online go to:
http://groups.yahoo.com/group/Technical-Investor/join
(Yahoo! ID required)

<*> To change settings via email:
Technical-Investor-digest@yahoogroups.com
Technical-Investor-fullfeatured@yahoogroups.com

<*> To unsubscribe from this group, send an email to:
Technical-Investor-unsubscribe@yahoogroups.com

<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/